http://nicnaccoins.com/cash/www/pages/Nithryum-Token 
Why UBiQ?
Ubiq was selected as the best option for Nithryum-Coin despite the platforms relatively recent entrance to the marketplace at the time of Nithryum-Coin’s inception because the platform built itself upon blockchains and smart contracts, which inspired all of the confidence required from Nithryum-Coin’s founders.
Advantages of Blockchain
Like Bitcoin, Ubiq uses a blockchain platform that encourages people (“miners”) to take part in the regulation and infrastructure management of the system as a whole. These miners use a Proof-of-Work protocol to create “blocks” of information. Each block references certain quantities of data (including identifying information and how much work was needed to complete that data set) and then several of these blocks are connected to one another to create a blockchain.
While both Bitcoin and Ubiq are blockchains, Ubiq (unlike Bitcoin) creates a digital bearer note and is considered “stateful” (as opposed to stateless, as Bitcoin’s blockchains are). All blockchains created on the Ethereum network can be programmed to be virtually cognizant of any previously existing blocks or blockchains while working toward following specific chain reactions as time goes on and certain qualities are met. The ability to program those blockchains to take those specific actions is created by use of smart contracts.
Openness and transparency are the primary benefits of the blockchain-based platform. All users of Nithryum-Coin have full access to review any Nithryum-Coin transactions and the company has no power to prevent this from happening – now or in the future. This transparency provided as a standard of the UBiQ blockchain has led to the interchangeability of the terms “blockchain” and “public ledger.”
From a technical perspective, the primary benefit of the blockchain is that it gives Nithryum-Coin the ability to remain robust and simultaneously provide the security required. While a number of blockchain platforms boast these same features, UBiQ requires significantly fewer resources compared to other solutions, which allowed Nithryum-Coin to get up and running in record time.
Advantages of Smart Contracts
Nithryum-Coin founders ultimately chose UBiQ because of its smart contracts. Nithryum-Coin is bought, sold, and traded based on a system that matches buy and sell orders automatically. There is no risk of collusion or inside trading, because all purchases are anonymous (to the buyer and to the seller) and the buyer is required to accept the first offer that meets his requirements. However, there is also no risk of Nithryum-Coin being used for illegal or suspicious purposes, because all transactions are recorded in both a private and a public ledger.
All transactions on any UBiQ-based platform (including Nithryum-Coin) are recorded in both private and public ledgers and the two can then be used as comparison documents for auditing purposes. The public ledger is, essentially, the blockchain and the terms are sometimes used interchangeably. The public ledger provides a way for all Nithryum-Coin users to review Nithryum-Coin transactions, creating a transparency unattainable by many other currencies – digital or otherwise.
The private ledger, on the other hand, is only visible by Nithryum-Coin employees as it links the transactions to personal identifying information, including the user’s name and contact information, which are never available as part of the public ledger. When compared, the public and private ledger include identical transactions.
By using the Turing-complete contract model, UBiQ’s smart contracts (also sometimes referred to simply as “UBiQ Contracts” or simply “Contracts”) are able to require compliance of the contracts’ built-in constraints.
Smart contracts make UBiQ the most secure platform on top of which to build a system, buy, sell, and trade cryptocurrency, and that is why it was chosen for Nithryum-Coin.
